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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Secured creditors of the Company have previously been paid in full by the Company or have had their equipment returned to them, based on the validity and enforceability of their security. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: MRG will pay the Convenience Creditors (all creditors with Proven Claims not exceeding $1,000.00) 100% of their Proven Claims (the "Convenience Claim Amounts"), inclusive of any interim distributions made by MRG earlier in the CCAA Proceeding; and · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: to Affected Creditors who are not Convenience Creditors, approximately $0.15 per dollar of Proven Claim; and · pct of: proven_claims · outcome: distribution · pct low: 0.15 · pct high: 0.15 · class key: unsecured · stated by: monitor · cumulative: false · class label: Affected Creditors who are not Convenience Creditors · interim final: unstated · cents on dollar: 0.15 · claims qualifier: unstated; basis: estimated · quote: to the Plan Sponsor in respect of the unsubordinated portion of its Claim, an amount representing approximately $0.03 per dollar of its Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 0.03 · pct high: 0.03 · class key: secured · stated by: monitor · cumulative: false · class label: Plan Sponsor (Sherfam Inc., unsubordinated portion) · creditor name: Sherfam Inc. · interim final: unstated · cents on dollar: 0.03 · claims qualifier: unstated; basis: plan · quote: Taking into account the interim distributions paid to date by MRG of approximately $0.2125 per dollar of Proven Claim, after payment of the Final Distribution, the total distribution to Affected Creditors in the CCAA Proceeding would be approximately $0.3625 per dollar of Proven Claim if the Affected Creditors voted in favour of the Plan. · pct of: proven_claims · outcome: distribution · pct low: 0.3625 · pct high: 0.3625 · class key: unsecured · stated by: monitor · cumulative: true · class label: Affected Creditors · interim final: final · cents on dollar: 0.3625 · claims qualifier: unstated; basis: plan · quote: Under the Plan, Affected Creditors who are not Convenience Creditors, will receive, inclusive of interim distributions, a minimum distribution of $1,000.00, and, after applying the Plan Sponsor Contribution, Affected Creditors will receive total distributions estimated to be approximately 37% of the dollar value of their Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 37 · pct high: 37 · class key: unsecured · stated by: monitor · cumulative: true · class label: Affected Creditors who are not Convenience Creditors · interim final: unstated · conditional on: minimum distribution of $1,000.00 plus prorated balance · claims qualifier: unstated · stated on: 2016-02-25 · table missing: